St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-01-26
MARKET.
On the Chicago Board Of Trade There
Was a Big Slump in
Wheat.
The Cereal Opened Weak and Closed II
Cents Below the Figures Of
Monday.
Spectators Seemed to be Inspired
With a Frantic Desire to
Unload.
Transactions in the Financial Circles
of Wall Street--General
Quotations.

CHICAGO, Jan. 25.-The wheat market took
big slump to-day, opening 3s@5sc per
bushel under last nights figures, declining
5s@D$4c under and closing for the day nc
lower than yesterday. The advance in for
eign securities and weak cables were the
main factors in the decline. 1t was demon
strated that there had been free buying On
the foreign war scare, and when this ap-
peared to be dissipated by the dispatches of
this morning there was exhibited frantic
desire to unload. The starting price for May
delivery was S51sc against S55s9S6c at the
close of last night, and the market dropped
off quickly under large offerings to S4Ic,
rallied trifie and then ruled steady for q
time, then broke off to S43a@S4%, rallied a
tribe and near the close finished with the
latest sales ut St5s@S43sc. Corn was quiet
and heavy in sympathy with wheat and closed
ss01ac lower than yesterday. Oats declined
q trifie. Provisions were less active and the
tone was somewhat easier. Mess pork closed
1Oc per barrel lower than on yesterday. Lard
and short ribs closed a shade lower.
THE QUOTATIONS..
The leading futures ranged as follows:
closing at 1880; February. TS4c, closing at
TS1sc; March, 1899, closing at 1890; May.
S554c, closing at 1890. Corn-No. 2. jan
uary, 3534c, closing at 3534c; February, 3534c
closing at $3.50; March, $500, closing at
361sc; May, 4l3sc, closing at 4l14c. Oats
4NO. ~O/SC. SiOoHiS dI No%SC, HCo-
ruary, 255sc, closing at 255sc; March, 275sc,
closing at 25$sc; May, 30Iac, closing at 3OAc.
Mess pork per barrel-January, $3.50.
closing at SEAS; February, S12.55. clos
ing at S12.45; March, S12.55 closing at
Sl2 80; May, S12.65. closing at $l2.671a.
Lard per 100 pounds-January, $6.52k, clos
ing at Sc Az; February, $6.52H, closing
at $6.471S; March, $3.50, closing at S6.55:
May, $672%, closing at $6.671a. Short
ribs per 100 pounds-January, S6.32k,
closing al S6.32ia; February, s6.3239, clos
ing at $6.321a; March, $685., closing
at s6.37]S; May, s6.4715, closing at $6.47ha
Cash quotations were as follows; Flour quiet
and unchanged. Wheat No. 2 spring, 7Ssc;
No. spring, 709711ac; No. 2 red, 791%c.
Corn-No. 2, $500. Oats-No. 2, 25a4c. Rye,
No. 2, sac. Barley-No. 2, 509521ac. Flax
Seed-No. i, S1.04I. Prime timothy seed,
$1.9l@1.91@. Mess pork per b b. $12.45
Lard, per 100 lbs, S6.4715. Short ribs sides,
loose, $6.30@6.3215 dry sailed shoulders,
boxed, S530@5.35; short clear sides. boxed,
S6.60G6.65. Whisky, dlstillers' flushed goods,
per gal, S1.1S. Sugars, cut loaf, 67sc; gran
uated, 61sc; Standard "A" SIC. Receipts
Flour. $4,000 bbls; wheat, $4,000 bu: corn,
112,00e bu; oats. $4,000 bu; rye. 1000 bu;
barley. $4,000 bu. Shipments-Flour, 240OO
bbls; wheat, 5000 bu; corn. $4,000 bu: oats.
100000 bu: rye, 1000 blu; barley, $4,000 bu.
On the produce exchange to-day the butter
market was dull; creamery, 20@2Sc; dairy
15@23e. Eggs, 26Gl2Sc.